STEEM is down $0.06467 (2026-03-18)

TLDR

Steem is down 8.06% to $0.0647 in 24h, underperforming a broader market sell-off primarily driven by a macro-induced risk-off move. It shows a high-beta reaction to negative sentiment, amplified by technical selling pressure.

Primary reason: Broader crypto market decline triggered by hot U.S. inflation data and a hawkish-hold Fed decision.

Secondary reasons: Technical breakdown from key resistance, confirmed by a 110% spike in selling volume.

Near-term market outlook: If Steem holds above the $0.0612 Fibonacci support, it may consolidate; a break below risks a drop toward $0.0575. The key trigger is whether macro sentiment stabilizes post-Fed.

Steem to the Moon🚀!

• You can rent Steem Power via rentsp!
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